Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX:
CHXMF) announces updates to its senior management team with the
promotion of Blake Hylands to President of the Company, effective
today, April 14, 2022, reporting directly to Justin Reid, Chief
Executive Officer and member of the Board. Mr. Hylands has been a
key member of Troilus since its inception and in this new role,
will direct both the Corporate and Geological teams. He will
continue to lead the Company’s Exploration Group, working closely
with Kyle Frank who has also been promoted to Manager of
Exploration and Corporate Development.
Justin Reid, CEO and Director of Troilus
commented, “Blake is a founding member of Troilus and has been
instrumental in growing the Company to where it is today, not only
via incredible success on the exploration front but also building
and developing our teams, developing strategic relationships with
all our stakeholders and assisting with all financing and corporate
objectives. Blake has assisted me in setting the strategic
direction of Troilus going forward and will continue to drive the
delivery of all initiatives. Under his leadership as Senior
Vice-President of Exploration since 2017, nearly 250,000 metres
have been drilled at Troilus, transforming what was a small
underground deposit into a multi-million ounce resource at surface
which continues to grow. Last year, Blake was instrumental in
initiating and negotiating Troilus’ acquisition of the neighbouring
Urban Minerals claims, a strategic move that consolidated our
dominant position in the Frôtet-Evans Greenstone belt, and one
which we believe will demonstrate to be tremendously valuable over
time. With the rapid evolution and advancement of the Troilus
Project, dividing the roles of President and CEO will better
position us for further growth. Blake has excelled in all his
previous endeavours and I am very confident that he will continue
to do so as President. Troilus is rapidly advancing through the
engineering and permitting stages focused on unlocking value for
our shareholders.”
Blake Hylands has been the Senior Vice President
of Exploration at Troilus Gold Corp. since its inception in late
2017. Since then, he has led the exploration team in growing the
mineral resources on the property by over 142% in the Indicated
category and over 350% in the Inferred category. He has spent the
majority of his career working on gold, base metals, and iron ore
exploration projects in Canada and internationally, developing
grassroots mapping and sampling programs, managing large scale
drill programs, and helping to transition projects from early
exploration to resource definition stages. Mr. Hylands holds a
B.Sc. in Geology from Western University in London, Ontario.
Kyle Frank joined Troilus in January 2021 as
Senior Geologist, and in his expanded role will now act as Manager
of Exploration and Corporate Development. Mr. Frank is a
Professional Geoscientist registered in the Provinces of Quebec and
British Columbia, with over a decade of experience, working
primarily in advanced stage exploration focusing on resource
expansion, as well as in open pit mining production and technical
roles. Mr. Frank previously held senior positions at Copper
Mountain Mining Corporation and Thompson Creek Metals Corporation.
Kyle has a B.Sc. in Geoscience from Western University in London,
Ontario.
Qualified PersonThe technical
and scientific information in this press release has been reviewed
and approved by Kyle Frank, P.Geo., Manager of Exploration, who is
a Qualified Person as defined by NI 43-101. Mr. Frank is an
employee of Troilus and is not independent of the Company under NI
43-101.
About Troilus Gold Corp.
Troilus Gold Corp. is a Canadian-based junior
mining company focused on the systematic advancement and de-risking
of the former gold and copper Troilus Mine towards production. From
1996 to 2010, the Troilus Mine produced +2 million ounces of gold
and nearly 70,000 tonnes of copper. Troilus is located in the
top-rated mining jurisdiction of Quebec, Canada, where is holds a
strategic land position of 1,420 km² in the Frôtet-Evans Greenstone
Belt. Since acquiring the project in 2017, ongoing exploration
success has demonstrated the tremendous scale potential of the gold
system on the property with significant mineral resource growth.
The Company is advancing engineering studies following the
completion of a robust PEA in 2020, which demonstrated the
potential for the Troilus project to become a top-ranked gold and
copper producing asset in Canada. Led by an experienced team with a
track-record of successful mine development, Troilus is positioned
to become a cornerstone project in North America.
For more information:
Caroline ArsenaultVP Corporate
Communications+1 (647) 407-7123info@troilusgold.com
Cautionary Note Regarding
Forward-Looking Statements and Information
Mineral Resources that are not Mineral Reserves
do not have demonstrated economic viability; the estimate of
Mineral Resources in the updated Mineral Resource statement may be
materially affected by environmental, permitting, legal, title,
taxation, socio-political, marketing, or other relevant issues.
There is no certainty that the Indicated Mineral Resources will be
converted to the Probable Mineral Reserve category, and there is no
certainty that the updated Mineral Resource statement will be
realized.
This press release contains “forward-looking
statements” within the meaning of applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements regarding the impact of the appointments on
the Company, the impact of the ongoing drill program and results on
the Company, the possible economics of the project and the
Company’s understanding of the project; the development potential
and timetable of the project; the estimation of mineral resources;
realization of mineral resource estimates; the timing and amount of
estimated future exploration; the anticipated results of the
Company’s ongoing 2021 drill program and their possible impact on
the potential size of the mineral resource estimate; costs of
future activities; capital and operating expenditures; success of
exploration activities; the anticipated ability of investors to
continue benefiting from the Company’s low discovery costs,
technical expertise and support from local communities. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “continue”, “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases
or statements that certain actions, events or results “may”,
“could”, “would”, “will”, “might” or “will be taken”, “occur” or
“be achieved”. Forward-looking statements are made based upon
certain assumptions and other important facts that, if untrue,
could cause the actual results, performances or achievements of
Troilus to be materially different from future results,
performances or achievements expressed or implied by such
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which Troilus will operate in the future.
Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, amongst others, currency
fluctuations, the global economic climate, dilution, share price
volatility and competition. Forward-looking statements are subject
to known and unknown risks, uncertainties and other important
factors that may cause the actual results, level of activity,
performance or achievements of Troilus to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to: there being no assurance that the
exploration program will result in expanded mineral resources;
risks and uncertainties inherent to mineral resource estimates; the
impact the COVID 19 pandemic may have on the Company’s activities
(including without limitation on its employees and suppliers) and
the economy in general; the impact of the recovery post COVID 19
pandemic and its impact on gold and other metals; the receipt of
necessary approvals; general business, economic, competitive,
political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages; environmental and
other risks of the mining industry, including without limitation,
risks and uncertainties discussed in the most recent Technical
Report and in other continuous disclosure documents of the Company
available under the Company’s profile at www.sedar.com. Although
Troilus has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Troilus does
not undertake to update any forward-looking statements, except in
accordance with applicable securities laws.
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